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[Deutsche Bank: Severe shortage is expected to push copper prices to US$22,050 and the market enters a "historic metal battle"] On September 28, Deutsche Bank analyst Daniel Ghali said in an email report that as buyers compete to lock in supply in a "historic metal battle," copper prices are expected to rise to US$22,050 per ton by the second quarter of 2027. Immediately available inventories have fallen to "unprecedented lows" and the main thread in the copper market is "shifting from a demand boom to a liquidity crisis." Ghali expects copper prices to average $20,900 per ton in 2027 and $18,500 in 2028.
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